used car deals

Automakers agree to right-to-repair deal covering telematics data

By on July 20, 2023

Under the new deal, the groups said independent repair shops will continue to have access to the same diagnostic and repair information automakers make available to their authorized dealer networks even as technology evolves. That access also applies to telematics data needed to diagnose and repair a vehicle, if not otherwise available. It also covers all vehicle technologies and powertrains, including battery-electric, plug-in hybrid and fuel cell vehicles. The parties also have pledged to work together on education and training, with additional resources available to independent repair shops such as through an automaker’s repair website or via third-party information providers,…

Deal focus: Rivian acquires Iternio

By on July 8, 2023

Each week, Just Auto’s editors select a deal that illustrates the themes driving change in our sector. It may not always be the largest deal in value, or the highest profile, but it will tell us where the leading companies are focusing their efforts, and why. Our thematic deal coverage is driven by our underlying disruptor data which tracks all major deals across our sectors. Today, it’s the acquisition by Rivian Automotive of Swedish navigation specialist Iternio. The deals Rivian Automotive, an electric vehicle start-up based in the US, has announced the acquisition of Swedish mapping company Iternio, developer of…

Exclusive: Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm

By on July 4, 2023

SINGAPORE/HANOI, June 28 (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said. Truong Hai Group is in talks with a financial advisor to explore the potential sale of a minority stake in Thaco Auto after receiving interests from regional financial investors and corporates, the sources said. The group could be selling about 20% in Thaco Auto, one of the sources said. Deliberations were ongoing and…